Obama to unveil 'more ambitious' debt reduction plan

In a rare speech to Congress, he said a new-look debt reduction would be announced on 19 September. It will pay for his ambitious proposals - estimated at some $450bn (£282bn) - which are designed to create more jobs and cut taxes, he said. US unemployment is currently 9.1% and is expected to dominate the 2012 presidential election campaign. In a rare address to a joint session of Congress, he said he wanted to get the unemployed back to work, put money in employees' pockets and rebuild infrastructure, reports the BBC. "I am sending this Congress a plan that you should pass righ...